RICHMOND, Australia (May 4) — Ansell Ltd. has acquired Brazilian condom maker, Fabrica de Artefatos de Latex Blowtex Ltda. of Brazil, for an undisclosed sum in a private deal.
Ansell said Blowtex has annual sales of about $10 million and a factory near Sao Paulo, Brazil. The company ranks third in condom market share in the firm, with about 20 percent of domestic sales.
Brazil is the world´s fifth-largest condom market, as big as the United Kingdom, and has a young population with double-digit growth rates, according to Scott Papier, Ansell vice president and regional director of the America´s Consumer Division.
The purchase fits with Ansell´s strategy of acquiring businesses in nations where the firm isn´t represented, said Ansell CEO Doug Tough.